Since 1900, real GDP in the United States has grown
A) more rapidly than the population.
B) as rapidly as the population.
C) more slowly than the population.
D) in a random unpredictable manner relative to the population.
A
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An auction of the leases to drill for natural gas on about 55,000 acres on the Roan Plateau in western Colorado in August 2008 generated nearly $114 million, a record high for onshore energy lease sales in the lower 48 states
What is going on in the rental market for land? A) There is a decrease in the value of marginal product for an acre on the Roan Plateau, leading to an increase in the equilibrium rental rate. B) There is an increase in the value of marginal product for an acre on the Roan Plateau, leading to a decrease in the equilibrium rental rate. C) There is an increase in the supply of acreage on the Roan Plateau, leading to an increase in the equilibrium rental rate. D) There is an increase in the value of marginal product for an acre on the Roan Plateau, leading to an increase in the equilibrium rental rate.
Which of the following has not been promoted by HPAE?
A) Large job creation in the government sector B) Land reform C) Free basic health care D) Significant investments in rural infrastructure
Non-neutral technological change is more valuable to labor than neutral technological change
What will be an ideal response?
In the year 2005, the rate of personal savings in the United States was below _____ percent.
A. 15 B. 10 C. 5 D. 1